Institution Type | Private 'For-Profit' |
Is this institution regulated? | N/A |
Website address | http://www.bandhanmf.com/ |
Year established | 2006 |
Head of Institution | Chandra Shekhar Ghosh |
Regions active | 0 |
# Branches | 1550 |
Total Portfolio (nat'l) | INR 15,894,315,977 |
Total Portfolio (USD) | USD 353,207,021.70 |
Active clients with loans | 2,513,747 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Sa-dhan, MFIN (Microfinance Institutions Network), Alpha Microfinance Consultants(P) Ltd. (Alpha), AMFI (Association of Microfinance Institutions), W.B |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.myinnovativefinance.com/ |
Year established | 1999 |
Head of Institution | Sheila Azuntaba |
Regions active | Greater Accra Region, Northern Region |
# Branches | 2 |
Total Portfolio (nat'l) | GHS 698,000 |
Total Portfolio (USD) | USD 354,314.72 |
Active clients with loans | 2,756 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Ghana Cooperative of Susu Collectors Association, ASSFIN |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samriddhi Loan (Micro Small and Medium Enterprise Loan) | INR 100,000 - 300,000 | 12 | 80% - 100% | 20% - 40% | Business | Women, Men, Have business | Credit Ins | |||||||
Srishti Loan (Micro enterprise loan) Type1 | INR 25,000 - 50,000 | 10.15 - 12 | 80% - 100% | 20% - 40% | Business | Women, Have business | Credit Ins | |||||||
Srishti Loan(Micro enterprise loan) Type 2 | INR 25,000 - 50,000 | 10.38 - 12 | 80% - 100% | 20% - 40% | Business | Women, Have business | Credit Ins | |||||||
Suchana Loan (Micro Loan) Type 1 | INR 1,000 - 25,000 | 10.15 - 12 | 80% - 100% | 20% - 40% | Business, ONLY used for Income generating activities | Women, Have business | Credit Ins | |||||||
Suchana Loan (Micro Loan) Type 2 | INR 1,000 - 25,000 | 10.38 - 12 | 80% - 100% | 20% - 40% | Business, It can be used for income generating activities on | Women, Have business | Credit Ins | |||||||
Suraksha Loan (Health Loan) | INR 1,000 - 5,000 | 11.5 - 12 | 80% - 100% | 20% - 40% | Other, It can be used only for emergency health needs. , Can NOT be used for business | Women, This loan is extended to borrowers who have successfully completed at least one loan cycle. |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Small Enterprise Loan | GHS 2,000 - 10,000 | 6 - 18 | 60% - 80% | 80% - 100% | Business, Consumer, Education | Women, Men, Have business, Salaried worker, Must be Innovative Finance client for at least a year | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Susu Loan | GHS 200 - 1,500 | 3 - 8 | 60% - 80% | 60% - 80% | Business, Education, Other | Women, Men, Have business, Specific age group, Must contribute daily savings prior to receiving loan. Must have guarantor., Must have been working for the past 2-3 years | Credit Educ, Tech Asst Visits, Business Training, Other Training | |||||||
Group Loan | GHS 300 - 800 | 4 - 5 | 100% | 20% - 40% | Business | Women | Credit Educ, Tech Asst Visits, Business Training |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samriddhi Loan (Micro Small and Medium Enterprise Loan) | 0% | 0% | 0% | N/A | ||||||||||
Srishti Loan (Micro enterprise loan) Type1 | 0% | 0% | 0% | N/A | ||||||||||
Srishti Loan(Micro enterprise loan) Type 2 | 0% | 0% | 0% | N/A | ||||||||||
Suchana Loan (Micro Loan) Type 1 | 0% | 0% | 0% | N/A | ||||||||||
Suchana Loan (Micro Loan) Type 2 | 0% | 0% | 0% | N/A | ||||||||||
Suraksha Loan (Health Loan) | 0% | 0% | 0% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samriddhi Loan (Micro Small and Medium Enterprise Loan) | 10.0% annual, Flat | 1 Fee | 0 Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
Srishti Loan (Micro enterprise loan) Type1 | 10.0% annual, Flat | 1 Fee | 0 Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
Srishti Loan(Micro enterprise loan) Type 2 | 12.5% annual, Flat | 1 Fee | 0 Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
Suchana Loan (Micro Loan) Type 1 | 10.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 0% | 0% | N/A | ||||||||
Suchana Loan (Micro Loan) Type 2 | 12.5% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 0% | 0% | N/A | ||||||||
Suraksha Loan (Health Loan) | 10.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 0% | 0% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Small Enterprise Loan | 60.00%-84.00% annual, Flat | 1 Fee | 1 Ins | None | 30.00% upfront | 105.8% - 121.6% | 194% - 216.6% | 29 | ||||||||
Susu Loan | 60.00%-84.00% annual, Flat | 2 Fees | 1 Ins | None | 30.00% upfront | 99.5% - 131.9% | 166.9% - 235.4% | 28 | ||||||||
Group Loan | 42.00%-60.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00%-15.00% upfront | 118.2% - 119.5% | 143.7% - 154.4% | 28 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samriddhi Loan (Micro Small and Medium Enterprise Loan) | 0% | 0% | 0% | N/A | ||||||||||
Srishti Loan (Micro enterprise loan) Type1 | 0% | 0% | 0% | N/A | ||||||||||
Srishti Loan(Micro enterprise loan) Type 2 | 0% | 0% | 0% | N/A | ||||||||||
Suchana Loan (Micro Loan) Type 1 | 0% | 0% | 0% | N/A | ||||||||||
Suchana Loan (Micro Loan) Type 2 | 0% | 0% | 0% | N/A | ||||||||||
Suraksha Loan (Health Loan) | 0% | 0% | 0% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samriddhi Loan (Micro Small and Medium Enterprise Loan) | 10.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
Srishti Loan (Micro enterprise loan) Type1 | 10.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
Srishti Loan(Micro enterprise loan) Type 2 | 12.5% annual, Flat | 1 Fee | 0 Ins Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
Suchana Loan (Micro Loan) Type 1 | 10.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 10.0% upfront | 0% | 0% | N/A | ||||||||
Suchana Loan (Micro Loan) Type 2 | 12.5% annual, Flat | 1 Fee | 0 Ins Ins | None | 10.0% upfront | 0% | 0% | N/A | ||||||||
Suraksha Loan (Health Loan) | 10.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 0% | 0% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Small Enterprise Loan | 60.00%-84.00% annual, Flat | 1 Fee | 1 Ins Ins | None | 30.00% upfront | 105.8% - 121.6% | 194% - 216.6% | 29 | ||||||||
Susu Loan | 60.00%-84.00% annual, Flat | 2 Fees | 1 Ins Ins | None | 30.00% upfront | 99.5% - 131.9% | 166.9% - 235.4% | 28 | ||||||||
Group Loan | 42.00%-60.00% annual, Flat | 2 Fees | 0 Ins Ins | None | 10.00%-15.00% upfront | 118.2% - 119.5% | 143.7% - 154.4% | 28 |
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